Channel News Asia/CNA,Singapore, July 22, 2026: Iran has shut the Strait of Hormuz and The Houthis have just declared a blockade of Bab al-Mandeb. Two of the world’s most critical shipping chokepoints — squeezed at the same time. Saudi Arabia’s workaround, routing oil through the Red Sea, may now be closing off too. A look at the compounding economic risks and how markets are pricing in rerouted supply chains, soaring freight premiums, and broader inflation risks.
